The IHS Markit Vietnam Manufacturing PMI fell to 51.8 in October 2020 from a 14-month high of 52.2 in September, but still signalling an improvement in the health of the sector as COVID-19 in the country remained under control. New orders increased solidly for the second month running, subsequently feeding through to a similarly-paced increase in production. New export orders were unchanged amid some demand weakness in markets where the virus continues to cause problems, notably in Europe. Meantime, employment grew for the first time since January, though at only a marginal pace amid ongoing signs of spare capacity, with backlogs of work continuing to drop. Prices data showed input cost rose the most since August 2018. Meanwhile, selling prices rose for the second consecutive month but only marginally, amid requests for discounts by clients and competitive pressures. Lastly, sentiment was slightly lower than in September and weaker than the series average. source: Markit Economics

Manufacturing PMI in Vietnam averaged 51.13 points from 2012 until 2020, reaching an all time high of 56.50 points in November of 2018 and a record low of 32.70 points in April of 2020. This page provides the latest reported value for - Vietnam Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Manufacturing PMI in Vietnam is expected to be 47.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Vietnam to stand at 52.00 in 12 months time. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 51.00 points in 2021 and 53.00 points in 2022, according to our econometric models.

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Vietnam Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.80 52.20 56.50 32.70 2012 - 2020 points Monthly


News Stream
Vietnam Factory Activity Continues to Recover
The IHS Markit Vietnam Manufacturing PMI fell to 51.8 in October 2020 from a 14-month high of 52.2 in September, but still signalling an improvement in the health of the sector as COVID-19 in the country remained under control. New orders increased solidly for the second month running, subsequently feeding through to a similarly-paced increase in production. New export orders were unchanged amid some demand weakness in markets where the virus continues to cause problems, notably in Europe. Meantime, employment grew for the first time since January, though at only a marginal pace amid ongoing signs of spare capacity, with backlogs of work continuing to drop. Prices data showed input cost rose the most since August 2018. Meanwhile, selling prices rose for the second consecutive month but only marginally, amid requests for discounts by clients and competitive pressures. Lastly, sentiment was slightly lower than in September and weaker than the series average.
2020-11-02
Vietnam Manufacturing Returns to Growth
The IHS Markit Vietnam Manufacturing PMI surged to 52.2 in September 2020 from 45.7 in August. This was the first growth in the sector in three months and the fastest pace since July 2019. Output rose the most in 14 months, new orders expanded solidly, and new business from abroad grew for the first time since January. Also, buying levels increased for the first time in three months, and at a solid pace. Meanwhile, employment fell for the 18th straight month, but at the softest in this sequence. Firms were still able to keep on top of workloads, as evidenced by a further reduction in outstanding business. Amid shortages for raw materials, lead times lengthened to the least degree since January. Prices data showed input cost inflation hit a 22-month high and was broadly in line with the series average while selling prices rose for the first time in eigh months. Looking ahead, sentiment strengthened.
2020-10-01
Vietnam Manufacturing PMI Falls to 3-Month Low
The IHS Markit Vietnam Manufacturing PMI fell to 45.7 in August 2020, the lowest since May, from 47.6 in July, amid a resurgence in local COVID-19 infections. Both output and new orders fell for the second month in a row, and to greater extents than were recorded in July. Data also pointed to a sharp reduction in new export orders, and one that was faster than that seen for total new business, while a fall in employment was among the strongest on record, and a faster drop in purchasing activity was also recorded though the rate was still much weaker than April's record. Meanwhile, the impact of the pandemic was central to another lengthening of suppliers' delivery times. On the price front, input cost increased for the third month running, albeit at only a slight pace that was slower than the series average. Meantime, selling prices have now fell in each of the past seven months, with the latest fall the fastest since May. Lastly, sentiment weakened.
2020-09-01
Vietnam Manufacturing Sector Shrinks in July
The IHS Markit Vietnam Manufacturing PMI fell to 47.6 in July 2020 from 51.1 in June, as the COVID-19 crisis continued to impact demand and activity. Both output and new orders contracted after growing in June, amid a sharp drop in export sales and a further reduction in employment. Also, manufacturers scaled back their purchasing activity, stocks of inputs and finished goods inventories. Suppliers' delivery times lengthened for the eighth time in as many months. Difficulties receiving items from suppliers in China and issues with sea transportation were reportedly behind the latest instance of lead time lengthening. Regarding prices, input costs went up for the second straight month, though the rate of inflation remained muted. Meanwhile, output prices were reduced for the sixth month running. Looking ahead, business confidence weakened slightly, but remained positive.
2020-08-03

Vietnam Manufacturing PMI
The IHS Markit Vietnam Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.